As your browser does not support javascript you won't be able to use all the features of the website. We strongly recommend you to enable the javascript in your old browser's settings or download a new one.

Brookfield (BAM) Stock Pops, Named 'Top Pick' at RBC Capital

NEW YORK (TheStreet) -- Shares of Brookfield Asset Management (BAM) were rising on heavy volume in mid-afternoon trading on Thursday as RBC Capital raised the stock's rating to "top pick" from "outperform," the Fly reports.

The firm has a $41 price target on shares of the Toronto-based alternative asset manager.

RBC Capital said the company is executing well, while its valuation is favorable vs. other names in the sector, the Fly noted. Brookfield also has key competitive advantages, according to the firm.